Welcome to our dedicated page for DeFi Development SEC filings (Ticker: DFDV), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The DeFi Development Corp. (Nasdaq: DFDV) SEC filings page on Stock Titan provides direct access to the company’s U.S. Securities and Exchange Commission disclosures, along with AI-powered summaries to help interpret complex documents. As an emerging growth company and smaller reporting company, DFDV files registration statements, current reports, and proxy materials that outline its business model, capital structure, and digital asset treasury strategy.
Key filings include multiple S-1 and S-1/A registration statements that describe DeFi Development Corp.’s AI-powered commercial real estate platform, its Solana-focused digital asset treasury strategy, and related securities offerings. These documents cover offerings of common stock, pre-funded warrants, cumulative perpetual preferred stock, and variable rate preferred stock referred to as CHAD Stock, with detailed terms on dividends, redemption rights, and potential Nasdaq listings.
Form 8-K current reports disclose material events such as warrant dividend distributions (DFDVW), updates on total shares outstanding and debt principal, Solana and Solana-equivalent holdings, director changes, and press releases related to shareholder letters and business updates. These filings also reference non-GAAP financial measures and warrant distribution FAQs incorporated as exhibits.
The company’s DEF 14A definitive proxy statement provides information on its annual meeting of stockholders, including proposals to elect directors, ratify the independent registered public accounting firm, amend the equity incentive plan, increase authorized common and preferred stock, and approve an employee stock purchase plan. It also explains voting requirements, record dates, and the virtual meeting format.
On Stock Titan, AI-generated highlights help readers quickly understand the structure and implications of DFDV’s 10-K and 10-Q references, S-1 offerings, proxy proposals, and Form 4 insider activity when available. Real-time updates from EDGAR ensure that new filings, such as additional S-1 amendments or 8-K business updates, are added promptly, while AI summaries focus on elements that matter for DeFi Development Corp.’s Solana treasury strategy, preferred stock terms, warrant mechanics, and governance decisions.
DeFi Development Corp. director Tai Zachary Aris received a grant of stock options for 656 shares of common stock. The options have an exercise price of $22.50 per share, are fully vested and exercisable on the grant date, and expire on January 21, 2028. The grant adjusts prior equity awards in connection with a warrant dividend distributed on October 27, 2025.
DeFi Development Corp. director William J. Caragol reported a grant of stock options linked to the company’s common stock. He received options for 16,795 shares with an exercise price of $22.50 per share, fully vested and exercisable on the March 31, 2026 grant date, expiring January 21, 2028.
The footnotes state this grant adjusts his outstanding equity awards in connection with a warrant dividend DeFi Development Corp. distributed to its common stockholders on October 27, 2025, making this a compensation-related equity adjustment rather than an open‑market trade.
DeFi Development Corp. director Blake Janover received a grant of stock options as part of an equity adjustment. The grant covers 6,562 options, each allowing the purchase of one share of common stock at an exercise price of $22.50.
The option was issued as an adjustment to outstanding equity awards related to a warrant dividend distributed to common shareholders on October 27, 2025. The option is fully vested and exercisable on the grant date of March 31, 2026 and is scheduled to expire on January 21, 2028. Following this grant, Janover holds 6,562 derivative securities tied to common stock.
DeFi Development Corp. reported that COO & Chief Investment Officer White Parker received a grant of stock options covering 14,393 shares of common stock. The options have an exercise price of $22.50 per share, are fully vested on the grant date, and expire on January 21, 2028.
According to the disclosure, this option grant was an adjustment to outstanding equity awards made in connection with a prior warrant dividend distributed to DeFi Development Corp. common stockholders on October 27, 2025. Following this transaction, Parker holds 14,393 stock options directly.
DeFi Development Corp. director Perfumo Thomas J. reported receiving a grant of stock options linked to the company’s common stock. The award covers 700 options with an exercise price of $22.50 per share, fully vested and exercisable on the grant date.
The options expire on January 21, 2028 and represent an adjustment to outstanding equity awards made in connection with a warrant dividend distributed to DeFi Development Corp. common stockholders on October 27, 2025. Following this grant, the filing shows the director holding 700 derivative securities of this type directly.
DeFi Development Corp. CEO & Chairman Joseph Mario Onorati received a grant of 22,639 stock options on March 31, 2026. The options were awarded at a grant price of $0.00 per option and have an exercise price of $22.50 per share of common stock.
The award was issued as an adjustment to outstanding equity awards related to a prior warrant dividend distributed to common shareholders on October 27, 2025. The option is fully vested and exercisable on the grant date and covers 22,639 underlying shares, which also represents his total reported derivative holdings after this transaction.
DeFi Development Corp. reported that Chief Financial Officer Han Fei received a grant of stock options covering 13,568 shares of common stock. The options have an exercise price of $22.50 per share, expire on January 21, 2028, and are fully vested and exercisable on the grant date.
The filing states this option grant was made as an adjustment to outstanding equity awards in connection with a warrant dividend that DeFi Development Corp. distributed to its common stockholders on October 27, 2025. Following the grant, Han Fei holds 13,568 derivative securities of this option series directly.
DeFi Development Corp. radically reshaped its business in 2025, pivoting from a pure real estate tech platform to a dual model built around a Solana-focused digital asset treasury and its existing commercial real estate platform. The company raised $378.5 million through financing transactions to buy SOL and related assets, began operating Solana validators, and generated $9.2 million in digital asset revenue, helping total revenue climb to $11.4 million, up 442% year over year.
This aggressive move came with heavy costs. Impairments and volatility in SOL and liquid staking tokens drove a $27.0 million net loss on digital assets, while higher professional fees, employee costs, and a $2.0 million loss on the JPro disposal pushed operating expenses up more than 300%. Combined with $8.9 million of interest expense and $19.8 million of losses from derivative instruments, DeFi Dev reported a net loss of $73.8 million, compared with a $2.7 million loss in 2024.
The Real Estate Platform remained modest but stable, with revenue of $2.2 million, largely from platform and SaaS subscription fees. Management emphasizes long-term exposure to Solana, acknowledging significant regulatory, technological, custody, leverage, and price risks tied to SOL, including potential reclassification issues under securities and investment company laws, cybersecurity threats, and dependence on the Solana Foundation and core developers.
DeFi Development Corp. reported FY 2025 revenue growth of 442% but a net loss of $(73.8)M, driven mainly by unrealized losses on digital assets under fair value accounting. Its Digital Asset Treasury segment generated $9 in revenue and Q4 Annualized Organic Yield was 8.3%, below the 10% target.
The company revised and reaffirmed its June 2026 SOL-per-share (SPS) guidance to 0.085, down from 0.165, citing broad multiple compression across the digital asset treasury space. As of March 30, 2026, SPS was 0.0754, with 2,223,074 SOL and 29,497,394 shares outstanding. Management maintains a long-term SPS target of 1.0 by December 2028.
The company highlighted over 600% equity returns in 2025, closed $164M in convertible debt and $149M in equity PIPEs, raised about $60M via a $5B equity line of credit, and sold its ZeroStack stake for roughly $3M. It also made a strategic investment in Apyx and continues to build a Solana-focused treasury and DeFi platform while emphasizing SPS growth as its primary performance metric.
DeFi Development Corp.’s Chief Financial Officer Han Fei reported a routine tax-related share disposition. On 2026-03-17, 3,217 shares of Common Stock were withheld at $5.11 per share to cover taxes on vesting restricted stock units, rather than sold in the open market.
After this withholding, Han Fei directly holds 371,705 Common shares. Indirectly, Defi Dev LLC, a manager-managed LLC of which he is a member, holds 468,517 Common shares and 1,000 shares of Series A Preferred Stock, with voting control exercised by Parker White as manager.